Theoretically, OR should would $0.91-$0.79 = $0.12. I suspect the OR will reach $0.05. It's just my view.

SOP has good a team in Management. EPS for FY2017 is expected to reach $0.50 . On top of that yield will continue to grow, contribution from the new estates acquired from shin yang and from the younger palms.
Base on PE 15X, share price will be $7.50. If PE is conservatively 12X, share price should be $6.00.
This share should worth anything between $6.00-$7.50.

RI to pare down huge debts like MRCB, UMWOG and others is definitely not welcome by the market. You have seen many RI in the past 2 years that the stock price is severely punished and fell to rights subscription price.

I think MRCB will eventually fall to subscription price level i.e. about $0.79.

UMWOG will eventually fall well well below right subscription price to $0.20.

As this is another huge RI, I expect the OR price will be down to the floor like UMWOG-OR. You can afford to wait for that to come. No need to hurry to buy.

Those who miss the boat talk down and talk bad about Dutaland. Those who are in the boat hope save sailing. You never know. Just trust your own gut feeling.

My feeling is MRCB OR may be 0.5 sen . I don't think the private fund and individual shareholders will fork out more money under present macro environment.

The real price plunge will come when 3Q 2017 result is announced in end Nov. I expect disastrous 3Q loss.

The volume of rights ( 6 bil unit) is no joke!. It is still hard for UMWOG to turn profit next 2 qtrs. As the rental rate of rigs is very low now and for the foreseeable future, huge impairment for the rigs asset may be coming after right issue i.e. once they increase the capital to "sustain" the impairment. Better be safe .

CPO, you can take it as good as done.
In the last 6 months, I hear from many sources that BPlant talked to few others plantations owners to buy their plantations. They seem "very hungry" to acquire to increase their plantation size and 'invest" the proceed arising from the land disposal recently. Finally, they zero in to Duta plantations and approach Duta to buy.

The deal is very likely to go thru'. Remember that BPlant made the offer to Dutaland to buy. BPlant would not have made the offer to buy without some degree of certainty to close the deal. The timing of completion for BPlant land sales and the timing for Duta's SPA seem perfect.

base on what we see in the recent RI, it may be better to sell now which still $0.24 above right subscription price . If investors are not interested to subscribe the right, the OR price may be just a few sen! and will drag the mother down. Look at what happen to UMWOG OR trading today , huge sell order at bare minimum price of 0.5 sen yet no taker.

If you notice in many RIs in the recent past the mother price before ex date are beaten down to the right subscription price . eg UMWOG, Mtouche, etc. I afraid syndicate will make concerted effort to do the same to MRCB with the objective to beat the OR to a few sens. My personal take is MRCB may reach RM0.85 -0.90 within this week. It is just the worrying trend I observed.

CrapTree, you are such an idiot!. Don't put word in people's mouth! He never said you have a PEA BRAIN. You yourself declared to the whole world you have a PEA BRAIN.

Crap Tree, R U sure you attended school ? Sure or not ? How come you did not learned MANNERS and RESPECT in your school?
Respect other people views pls ............

SOP's Production July-Aug 2017 vs July-Aug 2016 (2 months) :

FFB up 25%
CPO up 22%
PK up 14%

On top of the above price for FFB, CPO and PK are more than 10-15% higher this qtr.

Mind you that all the above increase going to flow right down to bottomline as fixed cost will only increase marginally.

In summary, 3rd Q 2017 profit going to be very fantastic!
FY 2017 NPAT may surpass $0.50 per share. How much do you think this counter worth ?

Earning from plantation operation is really bad! Pls see below.

NPAT from operation (Mar-Jun 17)was $21 mil and EPS was 1.42 sen only. If you annualised the EPS base on Mar-Jun 17 quarter (which was favourable), EPS full year may just be 5-6 sen!

NPAT (Mar-Jun 16) was $96.1 mil and EPS was 6.1 sen. But in Mar-Jun 16 period, the high NPAT is contributed by gain on disposal of plantation land $89.6 mil. If you strip off this exceptional gain (which was tax free), the NPAT from operation (Mar-Jun 16) was only $6.5 mil and EPS was 0.5 sen only.

You can see that Bplant only sustained the earning and dividend by selling land/assets. Is it good ?? They can not earn enough from pure plantation operations. Their pure plantation return is well below the industry. This is a reflection of poor management. I have no faith in this GLC management.

Do not buy BPlant for its plantation business. You may buy Bplant for speculation of more asset monetisation to sustain dividend.

The company is sitting with pile of cash. Almost no debt. Further adding to the cash hoard if the 21% sales in insurance unit goes thru'.
What you think the Management want to do with so much cash ? Paying special dividend ? or wasting them on new asset acquisition ?

Can the dividend yield be sustained if earning is poor and at the same time spending huge sum in acquisition ?

hng33, Do you know if there is possible drag from their timber business ? Going forward, any possible impairment to the timber related assets ?

While i am confident of palm oil company's future, I am conservative on JTiasa because it is not a pure palm oil play.

Your comment is appreciated.

SOP is a well managed and grossly undervalued plantation stock.
JTiasa may be good provided you know that their timber business has hit bottom and will not drag the company performance any further.
Bplant - questionable .
Among the 3, SOP is clean and the best choice.

BPlant is generating much lower than industry return from its existing plantation. This reflect poor management quality of BPlant and the management quality of its ultimate parent is questionable too. BPlant has huge borrowing as shown in the latest financial report ! There are so many more undervalued good private plantations counter out there to choose from . I have recently switch from BPlant to SOP and my decision is seem right as SOP has risen from RM3.55 to RM3.98. Whereas BPlant price is down .

Mr Crap (sepatut Crab),
Lu memang kurang ajar lah. Tak Tak pergi sekolahkah ?
Orang buat analysis pun kacau kamu kah ?

Sudah tidur kuat kuat, bila bagun baru lari kuat kaut!

As reported in the Star today, the taxmen are going after companies carried illegal logging. The risk of any logging company being slap with heavy tax penalty is real. Beware of this happening even to JTiasa.

hng33, You give me impression that you may be an employee or related party in JTiasa.

How likely the deal will go thru ???

Got chance to cross $1 only if the deal with BPlant finally go thru.
Otherwise back to square and wait for another 5 years.

SOP has good and prudent management. Current CPO price will definitely boost profit the next quarter too. It is hard to find a sizable plantation trading at single digit PE. My personal TP for SOP is $5.50.

Going forward there is still very high risk of impairment to the wood processing assets. As this segment is losing money and no sight of recovery, the management may decide to impair the asset too. We really don't know how much it can be .

The company has no core business and no direction. It may soon be like the shit PUNCAK. Puncak is cash rich, high NTA etc. But see what happen to Puncak ? Better sell now before too late.

Agreed with beso. Many other better stock out there to invest. why waste time on this one ?

Ya. I think it only worth $0.8.

On the flip side, MBSB already trading at about 1.1X P/B. RHB and Ambank are trading well be low 1X P/B. I think RHB and Ambank look more attractive in term of valuation.

can be very powerful once eruption take place. When will it happen ?